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Time of India
4 days ago
- Business
- Time of India
Monolithisch India Limited launches Rs 82.02 crore IPO
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering ( IPO ) on the NSE Emerge IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM).The capital raised will be deployed towards:* Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA.* Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery.* Meet working capital requirement to the tune of 20 Cr.* Funding general corporate initiativesCompany at a GlanceMonolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical record of healthy financial performance* Revenue CAGR (FY23-FY25): 52.46%* FY25 Revenue: Rs9,734.43 lakhs* EBITDA-Rs2106.24 lakhs (21.64%)* Net Profit: Rs1,448.80 lakhs (14.88%)* ROE- 53.94%* ROCE: 46.22%* Net Worth: Rs3,520.48 lakhs* Debt-to-Equity < 1* Customer Repeat Rate (FY24): 61.44%LeadershipMonolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material of Quartz based ramming massThe quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina).Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming OutlookIndia is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF).The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by and Media Contact: Corporate Communications - Monolithisch India LimitedShri Gopal Complex, Kanke Road, Ranchi - 834008* Email: info@ Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly.(ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. will not be responsible in any way for the content of the same)
Business Upturn
30-04-2025
- Business
- Business Upturn
KFin Technologies launches KFIN KRA to simplify customer onboarding
By Aman Shukla Published on April 30, 2025, 14:56 IST KFin Technologies Limited has launched KFIN KRA, a new-generation KYC Registration Agency (KRA), through its wholly owned subsidiary, KFin Services Private Limited (KFSPL). This initiative aims to streamline customer onboarding for financial institutions amid increasing digital adoption and evolving regulatory requirements in India. KFIN KRA is built as a unified platform with blockchain-backed infrastructure to improve data security, enhance verification speed, and reduce identity management complexity. The agency supports both digital and physical KYC processing, offering flexibility to financial institutions and investors. Key Features of KFIN KRA: Integrated KYC Services : Handles registration, modification, downloads, and interoperability to reduce repetitive documentation. Advanced Authentication : Enables eKYC using DigiLocker and eAadhaar verification. CKYC Integration : Connects with the Central KYC Records Registry for wider compliance. Multi-Mode Processing : Supports both straight-through digital and physical submission workflows. Real-Time Alerts : Sends SMS and email updates throughout the KYC process. Enterprise Integration : Offers secure API/SFTP channels for data exchange across financial platforms. Document Management: Provides digital storage and retrieval to reduce reliance on physical paperwork. The platform uses AI-driven verification and centralized data systems to shorten processing times and support compliance. KFIN KRA is designed to assist financial service providers and investors with a consistent and transparent KYC process. This development aligns with KFin Technologies' efforts to support India's financial infrastructure through efficient and technology-driven solutions. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
